Michigan Laws 500.547 – Protection of customer records and information; adoption of guidelines for administrative, technical, and physical safeguards
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(1) The commissioner shall adopt guidelines for administrative, technical, and physical safeguards that protect the security, confidentiality, and integrity of customer information, pursuant to sections 501, 505(b), and 507 of the Gramm-Leach-Bliley act, Public Law 106-102, 113 Stat. 1338, 15 U.S.C. § 6801, 6805, and 6807.
(2) Each licensee shall adopt policies and procedures for administrative, technical, and physical safeguards for the protection of customer records and information. The policies and procedures shall be based on the guidelines adopted under subsection (1) and shall be reasonably designed to do all of the following:
Terms Used In Michigan Laws 500.547
- Commissioner: means the director. See Michigan Laws 500.102
- Customer: means a consumer who has a customer relationship with a licensee. See Michigan Laws 500.503
- Licensee: means a licensed insurer or producer, and other persons licensed or required to be licensed, authorized or required to be authorized, registered or required to be registered, or holding or required to hold a certificate of authority under this act. See Michigan Laws 500.503
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
(a) Ensure the security and confidentiality of customer records and information.
(b) Protect against any anticipated threats or hazards to the security or integrity of customer records and information.
(c) Protect against unauthorized access to or use of customer records or information that could result in substantial harm or inconvenience to any customer.